GFM Network News


Canadian Financial Close: Canadian dollar down as oil prices stagnate

By MarketsFarm WINNIPEG, April 24 (MarketsFarm) – The Canadian dollar continued to fall on Wednesday, among reports from the Bank of Canada to not increase rates until the economy emerges from a “temporary slowdown.” The Canadian dollar closed at US$.7421 or US$1=C$1.3475, down from Tuesday’s close of US$.7444 or US$1=C$1.3433. The S&P/TSX Composite Index lost […] Read more

North American Grain/Oilseed Review: Loonie, acreage report provide bounce for bids

By Glen Hallick, MarketsFarm WINNIPEG, April 24 (MarketsFarm) – ICE Futures canola contracts were stronger on Wednesday, as bids stepped away from contract lows. Canola received support from a weaker Canadian dollar and the Principal Field Crop Acreage report released by Statistics Canada earlier today. The Canadian dollar slipped to 74.15 U.S. cents by midafternoon […] Read more


ICE canola midday: Loonie, StatsCan report provide bounce

By Glen Hallick, MarketsFarm WINNIPEG, April 24 (MarketsFarm) – ICE Futures canola contracts were stronger at midday Tuesday, as a lower Canadian dollar and the Statistics Canada acreage report provided support. The May contract gained C$1.20 at C$439.00 per tonne and the July contract was up C$1.30 at C$447.70 per tonne. The Canadian dollar is […] Read more

ICE canola firm following StatsCan report

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 24 (MarketsFarm) – ICE Futures canola contracts were firmer Wednesday morning, recovering off the lows hit Tuesday as the market found modest support from Statistics Canada’s first acreage estimates of the year. Statistics Canada forecast canola area in 2019 at 21.314 million acres, which would be down by 6.6 […] Read more


Canadian dollar and business outlook

By MarketsFarm WINNIPEG, April 24 (MarketsFarm) The Canadian dollar was slightly weaker Wednesday morning. At 8:45 CDT Wednesday’s morning, the Canadian dollar was at US$0.7430 or C$1.3459, which compares with Tuesday’s North American close of US$0.7451 or C$1.3421. Reports show a boost in United States crude oil inventories, offsetting concerns of global supply following President […] Read more

Canadian Financial Close: Canadian dollar down as oil prices rally

By MarketsFarm WINNIPEG, April 23 (MarketsFarm) – The Canadian dollar was down slightly on Tuesday, as oil production cuts in Alberta, a slowdown in the housing market, and growing global trade concerns dampen economic growth. The Canadian dollar closed at US$.7444 or US$1=C$1.3433, down from Monday’s close of US$.7489 or US$1=C$1.3353. The S&P/TSX Composite Index […] Read more





ICE canola continues lower

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 23 (MarketsFarm) – ICE Futures canola contracts were posting small losses Tuesday morning, retreating from overnight gains as the path of least resistance remains pointed lower. Losses in the Chicago Board of Trade soy complex and ongoing uncertainty over trade relations between Canada and China also weighed on values. […] Read more

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, April 23 (MarketsFarm) The Canadian dollar was slightly weaker Tuesday morning, as experts anticipate oil sanctions and financial reports could shake up the global economy. At 8:45 CDT Monday morning, the Canadian dollar was at US$0.7462 or C$1.3401, which compares with Monday’s North American close of US$0.7489 or C$1.3353. Oil prices hit […] Read more